Pence faces The $1B question

How to make up money if business tax ends?

10:56 PM,
Dec. 13, 2013

Looks like Pence: Ind. Gov. Mike Pence walks past a sign behind the stage at the Indiana Convention Center that appears to read, 'Pence,' but it is the last five letters of the word 'conference.' Pence shared his 2014 legislative agenda at the Legislative Conference luncheon in Indianapolis on Thursday, Dec. 5, 2013.

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That's the big question facing Gov. Mike Pence and GOP lawmakers as they pursue a proposal to eliminate the business personal property tax but not hurt the local governments and schools that rely on it to operate.

On Friday, Pence shed more light on how he wants to accomplish phasing out the tax he says is a barrier to economic development in Indiana. But he left several unanswered questions. ...